gasoline

The price of gas may have more to do with speculation in the oil markets than supply and demand, says Les Leopold in AlterNet. The “swindlers who puffed up the housing bubble and then milked it dry are now hard at work doing the same with gasoline,” he says.
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By not raising the gasoline tax, “We artificially depress the price of fuel so that the least efficient way to get somewhere — in this case, a private car — is also sometimes the cheapest,” says Will Doig in Salon.
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Before you decide whether the recent drop in gas prices is actually good news, Derek Thompson in The Atlantic points out that low gas prices indicate a sluggish economic outlook. So good news at the pump is actually a signal of more bad news to come, he says.
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Michelle Bachmann’s promise to bring gas prices back down to two dollars per gallon is sheer folly, says Bryan Walsh in Time. Unless, he notes, she wants to return us to the perilous economic conditions that made such low prices possible in the first place.
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In the United States, the price of gasoline is artificially low because what we pay at the pump doesn’t cover all the costs to society associated with our consumption of gasoline, according to Sarah Terry Cobo, and video feature by Cobo, Carrie Ching and Arthur Jones.
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“We pay a hidden cost for our fat cars,” says Annie Lowry in Slate. While our large vehicles are getting better gas mileage, the terrible new hidden cost is in their lethality to others during a collision, she says.
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How much does gasoline really cost us? Mark Engler goes in search of an answer on Alternet, and comes up with an answer of somewhere around fifteen dollars per gallon. Engler factors in environmental costs like the BP disaster and military expenditures to “.”
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Gradually increasing a tax on oil would spur innovation and help the country gradually wean from its complete dependence on fossil fuels, says an editorial in USA Today. The benefits would be a cleaner environment, economic growth through new ideas and a new strength abroad.
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